In 2023, the sold production of gum, wood or sulphate turpentine oils, pine oil, and similar products in France was valued at approximately 44.3 million euros. From 2024 to 2028, forecasts indicate a steady growth from 45.105 million euros to 48.825 million euros. The yearly growth rates are slightly increasing, with 2024 experiencing a 2.1% rise and a consistent upward trend through to 2028.
Future trends to watch for:
- Continued demand driven by the pharmaceutical and chemical industries.
- Potential market expansion as sustainability and bio-based products gain traction.
- Impact of regulatory changes on production and product formulation.
- Technological innovations enhancing production efficiency.